28 Jan
Member News, Trade & TTIP Related

Bannockburn Global Forex | New Tariff Threat Fuels Turn Around Tuesday ahead of Tomorrow’s FOMC Decision

Overview: The US dollar recorded lows for the month against many of the major currencies yesterday but has come back bid today. We had anticipated some consolidation ahead of the conclusion of the FOMC meeting tomorrow, and the dollar's downside momentum faded. Yet, today’s gains have been fueled by new tariff threats. In particular, Bessent, the new Treasury Secretary, said to be a moderate, reportedly was advocated increasing a universal tariff by 2.5% a month until reaching the levels President...

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27 Jan
Chapter News

ECB | Survey on the Access to Finance of Enterprises: firms report lower interest rates but a small decline in bank loan availability

Firms reported declining bank interest rates on loans, although indicating a slight further tightening of other lending conditions. There was a slight increase in the bank financing gap compared with the previous quarter as firms reported a small reduction in bank loan availability and no change in the need for bank loans. Firms’ inflation expectations increased slightly, with their median expectations for annual inflation in one, three and five years all standing at 3.0%, 0.1 percentage points higher...

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27 Jan
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Talk of new tariffs by February 1, the cease-fire in the Suez Canal, data from the Truckload Volume Index, how 74% of supply chain leaders view technology, and issues automation may solve in 2025.

Now in office, President Trump has signed an executive order directing federal agencies to investigate unfair trade practices and currency policies, particularly concerning China, Canada, and Mexico. As of this writing, he hasn’t imposed tariffs, but he has indicated he will—as soon as February 1. Specifically, a 25% tariff on imports from Mexico and Canada. He also announced a new External Revenue department that will oversee the collection of duties from any countries subjected to future tariffs. Despite a recent ceasefire between...

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24 Jan
Member News

EIB | ESM and EIB sign Memorandum of Understanding

The European Stability Mechanism (ESM) and the European Investment Bank (EIB) signed today a Memorandum of Understanding (MoU). Its overall aim is to further strengthen and enhance the bilateral partnership and collaboration between both institutions, and to develop, consolidate, and define their mutual cooperation.  “The Memorandum of Understanding signed today opens a new chapter in our collaborative framework. It builds upon the ongoing partnership since the early days of the EFSF in 2010, when the EIB provided valuable support in...

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24 Jan
Member News

Vulcan Consulting | Vulcan View: The latest EU developments 20 January – 24 January

Donald Tusk revealed Polish Presidency priorities with focus on defence Polish Prime Minister Donald Tusk addressed MEPs in Strasbourg on Wednesday (22 January), presenting Poland’s agenda for its six-month presidency of the EU Council. Under the slogan of ‘Security, Europe!’, Tusk outlined defence as the paramount theme in the EU for the next six months, given an increasingly volatile global landscape, while also touching on migration, energy, and economic resilience. Defence Mr. Tusk highlighted the unprecedented challenges facing the EU, urging a...

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23 Jan
Chapter News, New York Related News

New York State Governor | Governor Hochul Announces Major Digital Access Initiatives With Launch of Affordable Broadband Act and $18.5 Million ConnectALL Investment

Governor Hochul announced two major initiatives to expand affordable digital access across New York State. Governor Kathy Hochul today announced two major initiatives to expand digital access across New York State. The first initiative — Affordable Broadband Act (ABA) — has officially taken effect, making New York State the first state in the nation to require internet service providers to offer qualifying low-income households broadband service at $15 per month for 25 Mbps service or $20 for 200 Mbps service....

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23 Jan
Member News, Trade & TTIP Related

GDLSK | CBP Proposes Changes to Regulations For De Minimis Shipments

By Erik Smithweiss | U.S. Customs and Border Protection (CBP) has recently issued two proposed amendments to the regulations governing the clearance of “de minimis” shipments.  Under Section 321 of the Tariff Act, good valued at $800 or less (and gifts under $100) per shipment may enter the U.S. without payment of customs duties. The first proposed amendment, titled ​“Entry of Low-Value Shipments” (ELVS), would establish a dual-track entry process for de minimis shipments.  This proposal would create an ​“enhanced” entry...

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23 Jan
Member News, Trade & TTIP Related

PwC | US President Trump signals day one changes in global tax and trade policy

What happened?  On day one of his Administration, President Trump signed two Executive Orders (presidential directives to the executive branch, having the force of law) signaling a clear change in direction from the Biden Administration on global tax and trade policy. The first takes aim at the OECD’s two pillar project, referred to as the ‘global tax deal,’ and essentially nullifies the US’s agreement to the project. The second is a series of directions to implement ‘America First Trade Policy.’...

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23 Jan
Chapter News

Financial Stability Board | FSB Work Programme for 2025

The FSB’s work programme for 2025 addresses challenges including digitalisation, climate change, and the consequences of shifts in the macroeconomic and interest rate environment.In line with the FSB’s mission to promote international financial stability, our priorities for 2025 reflect challenges that are global in nature and affect the financial system as a whole, such as digitalisation and climate change. Work will continue in key areas such as non-bank financial intermediation and cross-border payments. The FSB will keep monitoring emerging...

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23 Jan
Chapter News

European Commission | President von der Leyen launches Global Energy Transition Forum in Davos

Today in Davos, President von der Leyen launched the Global Energy Transition Forum, together with the Executive Director of the International Energy Agency, Fatih Birol.  At COP28, the world rallied behind the targets of tripling renewable energy and doubling energy efficiency by 2030. The deadline is approaching fast.  The Forum brings together partners from across the world, from Brazil, Canada, and the Democratic Republic of the Congo, to Kenya, Peru, South Africa, the United Arab Emirates, the United Kingdom, and many others, as...

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